Goldman Sachs promoted two senior San Francisco bankers

Goldman Sachs has promoted investment bankers Ryan Limaye and
NickGiovanni, naming them coheads of
global technology investment banking, according to an internal
memo on Tuesday.

Limaye, who had been the head of enterprise technology banking
since 2014, will continue in that role in addition to his new
position. He will work closely with Ward Waltemath who heads
software and Tammy Kiely who heads semiconductors.

Giovanni had been head of internet banking
since 2012. Kim Posnett, his cohead, will take over as the sole
head of that division.

Both Limaye and Giovanni are partners at Goldman.

Nick Giovanni.Goldman
Sachs

"Ryan and Nick will focus on clients and help to set
the strategic direction of our technology business as the sector
continues to grow in importance for the firm," said Dan Dees and
George Lee, two senior bankers who signed the memo.

Dees is head of global technology, media, and
telecommunications, or TMT, while Lee is chairman of global TMT.

"Ryan and Nick have been instrumental in building our
Technology franchise over the last 20 years," they said.

Goldman Sachs was ranked No. 1 in the global technology mergers
and acquisitions in the 2016 league tables, according to Thomson
Reuters data.